31-81 Resolution
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RESOLUTION NO.
\ A RESOLUTION DETERMING TO SUBMIT
TO THE ELECTORS OF THE VILLAGE OF
DUBLIN, OHIO, THE QUESTION OF ISSUING
BONDS FOR THE PURPOSE OF ACQUIRING I
REAL ESTATE AND EASEMENTS OR OTHER ~
INTERESTS IN REAL ESTATE, CONSTRUCTING I'
AND IMPROVINq MUNICIPAL PARKS, A SWIMMING I
FACILITY AND COMMUNITY CENTER, PURCHASING
[ EQUIPMENT AND APPARATUS THEREFOR, AND
PAYING THE COST OF ADVERTISING, PRINTING,
LEGAL SERVICES AND OTHER COSTS INCIDENTAL
THERETO.
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WHEREAS, the fiscal officer of the Village has certified the
estimated life of the improvement referred to herein to be at
least 5 years and the maximum maturity pf bonds hereinafter
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mentioned as 20 years;
NOW, THEREFORE, BE IT RESOLVED by the counci,l ox the Village
of Dublin, Franklin and Delaware Counties, Ohio that:
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SECTION 1: For the purpose of providing funds for acquiring
real estate and easements or other interests in real estate,
C constructing and improving munic,ipal parks, a swimming facility
and community center, purchasing equipment and apparatus therefor,
and paying the cost of advertising, printing, legal services and
other costs incidental thereto, it is necessary to issue bonds of
the Village in the amount of $5,101,000 and it is necessary to
levy a tax outside the ten-mill limitation of Article XII, ~2 of
the Ohio Constitution to pay interest on and retire said bonds. The
question of issuing said bonds and of levying said tax shall be
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submitted to the electors of this Village at the general election
to be held on November 3, 1981. The approximate date of said
bonds will be January 1, 1982; said bonds will mature in twenty
annual installments after the authorization thereof, and will bear
interest at a rate now estimated at 10 per centum per annum,
payable semi-annually.
JO SECTION 2. The Clerk is directed to certify forthwith a copy
of this resolution to the county auditors for their calculation of
the average annual tax levy required throughout the life of the
bonds to pay the interest on and to retire said bonds, assuming
that they are all issued in one series and that the amount of the
tax list of this Village remains the s~e throughout the life of
said bonds.
SECTION 3. This resolution shall be in force and take
effect immediately upon its adoption.
Adopted: (. h.../ n e 1'5' , 1981
El a,
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, ' J~( A_~~ / . v/::i./I(
R.r i of o~u a. Mayor"
I, ))~,..~ I~ 1/ 1/1, $"JnlfJ n s ,Clerk of the Village of
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Dublin, 'Ohio, do hereby certify that the foregoing is a true and
correct copy of a resolution duly adopted by the council of said
Village on .. 14 J1 P 1.5 , 1981.
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